HillNote
This HillNote is the first in a series of four publications about productivity. The second in the series presents Canada’s productivity performance compared to other advanced economies. The third analyzes the main potential causes of Canada’s relatively low productivity growth, and the fourth analyzes the principal potential solutions.
This first of the series provides successive definitions of the concepts of productivity, labor productivity, and total factor productivity (TFP). Next, it explores the relationship between gross domestic product per capita, labour productivity, and TFP. Finally, it answers the question: why does productivity matter?